Who are your customers/clients?

GIRSAL’s key clients are Financial Institutions. Currently, 22 financial institutions (including 2 RCBs) have signed on to our Agricultural Credit Guarantee Scheme. Several others have benefitted from GIRSAL’s Technical assistance Facility

What is GIRSAL’s Agricultural Credit Risk Guarantee (CRG) Scheme

It provides credit risk guarantees to Participating Financial Institutions (PFIs) on agribusiness loans thereby providing them with the comfort and support to lend more to the agricultural sector. Learn More

Is GIRSAL’s guarantee backed by cash?

GIRSAL’s guarantee is a cash-backed guarantee with a zero % risk rating from the Bank of Ghana.

Who can apply for/benefit from the GIRSAL Agricultural Credit Risk Guarantee?

Participating Financial Institutions (PFIs). Financial Institutions that have signed GIRSAL’s Master Agreement

Which Financial Institutions are eligible to join the CRG Scheme?

Banks, Specialized Deposit-Taking institutions, Non-bank financial institutions, Rural and Community Banks and other financial institutions that meet the eligibility criteria. Contact GIRSAL for more details on joining the CRG scheme

What type of loans can be covered by the GIRSAL Credit Risk guarantee?

Agribusiness loans to all agricultural value chains within all sub-sectors (horticulture, cereals, tree crops, roots and tubers, legumes, poultry, aquaculture, livestock etc) are covered. The CRG covers all agricultural value chain activities (inputs, production, processing, aggregation, transportation, storage, marketing, export etc) Learn More

What level of cover does the credit guarantee provide?

GIRSAL CRG covers up to 70% of agricultural loan principal. The guarantee does not cover the interest component of the loan. The level of cover is determined on a case-by-case basis. Agricultural loans to high-risk value chain activities such as production may receive the maximum cover.

What is the validity period of the GIRSAL credit guarantee?

GIRSAL’s credit guarantees are valid for a period of 12 month and may be renewed annually for loans whose tenor exceeds 1 year.

Are there any application/renewal fees charged for the credit guarantee?

New applications attract a fee of 1% of the guaranteed value (0.25% processing fee, and 0.75% guarantee fee) Renewals attract a fee of 0.75% on the remaining guaranteed value Fees are to be paid by the applying financial institution

Can agribusinesses apply for GIRSAL’s Credit Risk Guarantee Cover for an agribusiness loan?

No. GIRSAL’s Credit Risk Guarantee is primarily for financial institutions. Agribusiness may benefit indirectly by applying for a loan from any of GIRSAL Participating Financial Institutions. Learn More

Can an agribusiness use GIRSAL as a guarantor for loan requests from a bank?

No. GIRSAL does not offer a direct guarantee to agribusinesses.

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About
Our Product
- Technical Assistance
- Credit Guarantees
  - Loan Individual Guarantee
  - Ghana Cares Guarantee Scheme
Initiatives
- Interest Rate Subsidy Initiative
- Fidelity Young Entrepreneurs Initiative
Info Resources
Contact

About
Our Product
- Technical Assistance
- Credit Guarantees
  - Loan Individual Guarantee
  - Ghana Cares Guarantee Scheme
Initiatives
- Interest Rate Subsidy Initiative
- Fidelity Young Entrepreneurs Initiative
Info Resources
Contact

Frequently Asked Questions

About GIRSAL

Agric Credit Guarantee Scheme

Ghana Cares Guarantee Scheme

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